Time is (NOT) money.
Time is worth so much more…..
I was that busy-ness guy. The 80-90 hrs per week, the 260 days of travel, neglecting relationships, caught-up in the day-to-day panic stations of a business – That guy.
But I found a way to #breakfree, to have my #cake and eat it too.
So can you!
** Warning what you see here may change your business life – forever…**
“Time is money!” It’s an old saying but does it still hold true today? I’d say no!
I mean I think there was a time when maybe it was true there was a time when we
weren’t connected 24/7 through our smartphones we didn’t have laptops to
take our home with us in those times where people worked you know 8:00 to
4:00 maybe it was true, but in this day and age it’s just not true anymore.
Time is so much more valuable than Money!
It’s really really important I think to think about that and you know I know
this firsthand I started a business a number of years ago and you
know I was working 80 to 100 hours a week
and I was on the road traveling I was traveling 260 days a year I was missing
seeing my family grow up it was really hurting my relationship with my wife I
was neglecting friends and family really and I wasn’t doing it because I loved it
I mean of course I I was driven and I enjoyed the business and I had loved
growing it and doing those things, but I was really working those long
hours because I didn’t know any other way and I was sort of stuck I was you
know always running from client meetings and sales meetings to fighting fires
with staff you know operational issues dealing with those. Just day-to-day
thinks constantly coming up and you know taking up a lot of time and I and I
we had staff, good staff, and you know they wouldn’t be able to get things done the
way I expected. For a long time I thought you know this is because the
staff I’m wrong you know it’s difficult to get good staff and all these things
and then I dawned on me that it’s not them it’s me! That the
problem is I don’t have a framework to manage
I came from accounting background have a lot of technical
knowledge and but I didn’t really have the the framework and
knowledge to manage these things appropriately so when I when I realized
that I set about changing that. I developed a framework for management
that has become extremely effectively and I’ve actually been able to sell this
framework into very large operations and I’ve just recently adjusted this
framework to be able to sell it to medium-sized and small businesses at a
much more reasonable rate in ways so they can get access to it as well and
really there was sort of three key things that I had to change in order to
achieve this and to achieve what I call financial peak performance which is a
way of teaching your business to manage itself. The first thing that I had to
do is I had to ignore the old way of managing people. Your typical
way of managing people is to you know give them instructions here’s how you do
something go and do this like this and instead really pull back and think
about the WHY rather than how you do it, why you do it and give them some
parameters around what needs to be achieved and then let them work out the
how and you know the funny thing is they actually came up with better ways of
doing it anyway so it was a huge benefit there. The other piece really is around
measuring your business understanding business so I sort of just I just got
rid of the old way of measuring a business. Sales, Profit, monthly reporting and
instead I switched it to what I call Ultimate Customer Values. Which is a way
to really focus on your business from a customer point of view and understand
your business from a customer point of view, this is great because
it adds more value to your customers which then in turn adds value to you business.
Then the last thing I did is I developed short interval feedback sessions and
what these are really a process for your staff to be able to come up with ideas
to problem-solving and make it decisions on their own so that you see you don’t
have to be involved in everything and this was a massive game changer!
This allowed me to step away from business and really allowed the businesses
start managing itself. Now I’m still involved of course but the staff have
taken on you know they took on much more of the day-to-day activities they took
on a lot more of those they took ownership of them and that allowed me to
step back and look on those bigger things you know work on where the
business is going work on managing those bigger items, to make any problem solving
ideas they came with work and you know at the end of all of that I think
so for example today I’ve been heavily an hour of clarity session.
Three, four years ago this would be impossible I just couldn’t get away and
take an hour out to sit down and just think about the business and I think it’s
totally totally critical for you to grow and to really improve so you know these days
I like work less hours, I make more money and the business ticks along without me
which is which is exactly what I was aiming for my business I started a
business to flexibility to have more time with my family to have choices and
you know it didn’t work out that way because I had less choice I had all
of these things going on until I built this framework and so now the framework
is in I have those choices now, I can make those choices.
You can do the same, anyone can do the same in their business, you just need to make
sure that you focus on those key three things and remember it’s not a “magic formula”.
You need to take some time and you need to take some effort but you can do it.
Get a methodology, use a methodology if you want more information about my
Financial Peak Performance methodology then reach out, but you can use
a different methodology. Just get in there and get it done.
Focus the energy and the time and get it done!